
Denso Prepares for Tariff Challenges with Price Negotiations Strategy
The world's second-largest car parts manufacturer, Denso Corp, is poised to address the challenges posed by impending U.S. tariffs on imports from Mexico and Canada without major concerns. Source Yasushi Matsui, the financial officer of the Japanese giant, emphasized the company's strategy to mitigate increased costs through potential price transfers rather than panic-induced decisions.
Matsui pointed out that instead of absorbing the entirety of the new costs within their supply chain, Denso intends to discuss possible price negotiations with its customers. The approach suggests they are preparing to manage any financial impact should the tariffs proceed as planned under U.S. President Donald Trump's trade policies.
According to IndexBox's market analysis, the global automotive parts industry is observing mixed signals amid such trade tensions. Denso's latest financial performance, which saw a near sixfold rise in third-quarter operating profit, underscores a promising stance amid broader automotive supply chain trends that Toyota, another industry giant, is expected to reflect in its impending earnings report.
Diverse Reactions Among Automakers
Similarly, Toyota Boshoku, another pivotal supplier within the industry, is monitoring the situation closely. Shunichi Iwamori, the company's chief financial officer, has communicated a readiness to engage in similar price transfer discussions to tackle any customer behavior shifts resulting from possible tariffs. Both companies continue to recognize the strategic advantage of maintaining proximate production facilities to North American markets, offering some insulation against tariff impositions.
Denso's outlook encompasses the broader ramifications of U.S. economic policy beyond mere import taxes. Yasushi Matsui suggests that potential tariffs may indirectly benefit the company by leading to a weakened Mexican peso, thereby boosting profits, while also anticipating favorable outcomes from prospective U.S. corporate tax reductions.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
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3. MARKET OVERVIEW
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4. MOST PROMISING PRODUCT
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5. MOST PROMISING SUPPLYING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
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9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
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10. PROFILES OF MAJOR PRODUCERS
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11. COUNTRY PROFILES
The Largest Markets And Their Profiles
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- China
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
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- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
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- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024